Glassnode analysts say that Bitcoin faces concentrated seller clusters, and breaking those clusters is the main factor that could resume upward movement.

Key resistance zones

The nearest resistance areas are clustered around $93 000–$96 000 and $100 000–$108 000, where recent buyer volumes concentrate.

These zones reflect concentrated on-chain supply that could absorb additional buying pressure and limit further advances until liquidity increases.

On-chain indicators and macro liquidity

CryptoQuant's on-chain indicators show a bearish tilt, and the company's CEO says BTC's rise now depends more on macro liquidity.

In this context, a decisive breakout above the listed clusters would require sustained increases in liquidity and order flow rather than isolated demand spikes.

Conversely, failure to clear those bands could reinforce supply pressure and prompt consolidation or renewed declines until liquidity conditions improve.

What seller clusters mean for traders

Seller clusters represent price bands where large cohorts of addresses previously accumulated coins and could realize profits when price revisits those levels.

Market participants monitoring volume distribution, realized supply concentration and macro liquidity indicators will better assess whether a move above these clusters is credible.